Far East Organization Real Estate Developer Review

Established in 1960 by visionary founder Ng Teng Fong, Far East Organization has grown into Asia’s largest private real estate developer, with a portfolio exceeding 780 projects and over 55,000 homes built in Singapore alone. With operations extending to Hong Kong, China, Malaysia, and Australia, the organization is now helmed by Philip Ng, continuing a legacy marked by excellence, faith-driven values, and social purpose.

Far East Organization exemplifies a unique blend of entrepreneurial spirit and community-centric philosophy. Its foundational commitment to Christian principles underscores every facet of the business—from customer service to sustainable construction and international partnerships.

*Data by FECIL, FEOR and FEHT – Far East Hospitality Trust (FECIL: www.fecil.com.hk, FEOR: www.fareastorchard.com.sg, FEHT: www.fareastorchard.com.sg)

Aside from Singapore, Far East Organization is present in Hong Kong, China, Malaysia, and Australia. Philip Ng currently leads this major firm. It also has three listed subsidiaries, showing its steady growth in real estate.

The group has won several FIABCI World Prix d’Excellence awards. These awards highlight their commitment to top-quality work and new ideas. By blending Christian values into their work, they strive to do more than just business. They want to make a difference in society, locally and globally.

Introduction to Far East Organization

In 1960, Mr. Ng Teng Fong founded Far East Organization, marking a pivotal moment in Singapore’s growth. This visionary company has become a key player locally and internationally. Its dedication to luxury real estate and entrepreneurial spirit has earned it a sterling reputation. Notably, in 1994, it was the first to win ISO 9002 for project management, showcasing a steadfast commitment to quality.

History and Origins

Far East Organization embarked on property development, changing Singapore’s landscape with over 700 projects. These included residential, hospitality, retail, and commercial centers. Notably, The Bayshore achieved top honors in 1997 and won the prestigious FIABCI World Prix d’Excellence in 1999. These milestones highlighted its leadership in luxury residential real estate development.

During the 2000s, the organization continued its success, being awarded seven BCA Construction honors in 2002. Additionally, they opened The Quincy Hotel in 2009, the first all-inclusive boutique in Singapore. By 2012, Far East Organization spearheaded the listing of Far East Hospitality Trust. This move showcased their innovative strategy in the property sector.

Core Values

Far East Organization is guided by Christian principles, creating environments that promote kindness and growth. The company’s culture, based on teachings from Jesus Christ, places emphasis on honesty, service, and community. These foundational beliefs steer their business practices and influence their luxurious and sustainable developments.

In 2011 and 2015, Far East Organization clinched the title of Best Developer in Southeast Asia and Singapore. These awards from the South East Asia Property Awards celebrate the company’s unwavering pursuit of excellence, quality, and customer service.

Far East Organization’s Influence in Singapore

Far East Organization has significantly shaped Singapore’s urban environment. They’ve done this through a wide range of residential and commercial projects, as well as improvements to the living spaces within the city. Their commitment to excellence and innovative practices is evident in the depth of their influence. This influence extends from residential developments to urban planning, showcasing their dedication to making Singapore more livable.

Residential Projects

Having developed over 50,000 private homes, Far East Organization is a key player in Singapore’s housing market. This accounts for one-sixth of the nation’s private homes. Their 17,800 strong global team focuses on creating top-notch residential properties. These homes are designed to meet various needs, promoting vibrant living areas that improve residents’ quality of life.

Commercial Developments

Far East Organization excels in commercial developments, offering spaces for business and leisure activities. With a yearly turnover of S$3.6 billion, the company’s impact in this sector is undeniable. They manage 1.4 million square feet of retail space in 21 malls, strategically positioned for maximum reach. These efforts firmly establish Far East Organization as a leader in Singapore’s commercial market.

Contributions to Urban Landscape

Focusing on urban development, Far East Organization has contributed significantly to Singapore’s changing cityscape. Their 770 projects include mixed-use buildings, hotels, and serviced residences. With assets worth S$21 billion, they’ve not only altered the skyline but also created community-focused spaces. Being the largest private landlord for residential spaces and managing several hotels, they are instrumental in blending modern design with functional living.

Lifestyle and Luxury Properties by Far East Organization

Far East Organization is Singapore’s premier private real estate developer. It is known for offering top-notch lifestyle properties. These cater specifically to those with refined preferences. The organization is famous for pushing the boundaries of architecture and design. This is evident in their well-known developments like Amber Sea and One Holland Village.

Amber Sea

Amber Sea showcases Far East Organization’s commitment to creating exceptional homes. It is a freehold condominium with 132 exquisite units. Each unit is spacious and designed to feel like a true home. These luxury apartments combine elegance with practicality. This ensures a living space where both beauty and function thrive.

One Holland Village

One Holland Village is a standout project in the developer’s portfolio. It combines living, retail, and community spaces into a harmonious whole. Offering 500 carpark spaces, it is designed to serve a diverse community. This project highlights Far East Organization’s unique ability. It shows how they blend modern comforts with contemporary urban living.

Architectural Excellence

Architectural brilliance is a key focus for Far East Organization. Their developments, such as Amber Sea and One Holland Village, push the boundaries. They blend luxury with community-inspired designs. Large living spaces and stunning architectural details enhance the living experience. This makes not only luxurious living spaces but also urban landmarks.

Far East Organization’s International Reach

Far East Organization, a Singapore-based company, has expanded its presence globally, focusing on property development. Since 1960, it has covered over 780 projects worldwide. This growth highlights their aim to reach strategic locations across the globe.

Presence in Key Markets

Australia stands out as a crucial market for the Far East Organization. The company has dedicated AUD$2 billion to the country since 2013. These funds came through various methods like partnerships, acquisitions, and working with companies like The Straits Trading Company and Toga Group.

Such strategic moves have broadened the Far East Organization’s influence and offerings, especially in the hospitality sector.

Far East Organization’s Approach to Sustainable Construction

Far East Organization places a high value on sustainable construction through the implementation of green building strategies and eco-friendly techniques within their developments. This strategy is in line with the worldwide push to reduce environmental harm. It also focuses on enhancing the well-being of community members who will live in these areas. By using environmentally sound design, the latest building techniques, and sustainable materials, Far East Organization is able to lessen their projects’ ecological footprint.

A significant effort in this regard is Far East’s embrace of the Green Mark for Buildings Scheme. This initiative was introduced in January 2005 by the Building and Construction Authority. The Green Mark promotes the incorporation of eco-friendly elements and cutting-edge technologies, furthering the cause of sustainability within the construction sector.

Among construction materials, steel exemplifies a sustainable option. One of its major benefits is that it can be reused, which helps to lower the amount of waste produced during various projects. Life-cycle analyses highlight steel’s suitability for constructions of all sizes. This makes it an ideal option for building projects that focus on eco-friendliness without compromising on quality.

Steel is also valued for its minimal waste during construction, as industry remnants are largely recycled. Its recyclability stands out because it doesn’t diminish the material’s quality. Therefore, using recycled steel in building projects doesn’t compromise its integrity, emphasizing its role in sustainable development.

Far East Organization’s Customer-Centric Approach

The Far East Organization is renowned for its architectural feats and its strong focus on customers. It aims to provide top-notch service across its projects, ensuring high resident satisfaction. As the largest private developer in Singapore, it has earned several prestigious awards for its customer service and development excellence.

This commitment is clear through delivering over 10,000 units from 2015 to 2019. These units vary, covering residential, office, medical, industrial, and hospitality spaces, showing the organization’s adaptability. They also excel in competitive markets, as evident in selling high-end residential units at projects like Parksuites and Cashew Green.

In the last decade, the organization has invested nearly A$2 billion in the Australian real estate market. This indicates their strategy for customer growth, investing in cities known for their real estate potential. They’ve also embarked on a major hotel project in Japan, showcasing their global vision.

One key strategy is creating spaces that are not just buildings but places that foster community. For instance, their significant investment on Holland Road integrates commercial and residential hubs, signaling their focus on improving lives through design. This commitment to creating livable communities is a cornerstone of their approach.

Partnerships and Joint Ventures

Far East Organization’s expansion is closely tied to its strategic alliances. These partnerships and joint ventures have elevated its market influence and drive for innovation. They span the real estate industry, solidifying the organization’s status locally and globally.

Collaboration with Sino Group

The tie-up with Sino Group stands out. It features a 50:50 joint venture in the luxurious Amber Sea project. Here, their shared skill shows the power of international cooperation in property development.

Other Key Partnerships

Through various links, Far East Organization widens its sphere of influence. A standout is its collaboration with the Far East Consortium. Together, they’ve connected with top names like Star Entertainment Group, Chow Tai Fook, and Marriott International. Marriott manages thousands of properties worldwide, crucial for FEC’s ventures in hospitality.

Care Park has been instrumental, helping them lead in the global parking sector. With over 435 managed sites, their impact is prominent. BC Securities stands as another vital ally. They introduced Australia’s premiere 25-year foreign mortgage, shaping up innovative finance models for property investments.

Since 2013, they’ve poured A$2 billion into Australia, snagging over 20 ventures and lots. This investment includes top-tier places like Vibe Hotel Sydney and The Fullerton Hotel Sydney. Noteworthy projects encompass the extensive St Helena community and the 2020 Vue Group acquisition.

These strategic link-ups have not just enriched their ventures but have also ensured productive, large-scale projects. It’s all about combining knowledge, capital, and teamwork to achieve extraordinary results.

Awards and Recognitions

Far East Organization is known for its top-tier real estate services. Over time, they’ve gained several esteemed accolades. These honors reflect their worldwide impact in the real estate sector.

FIABCI World Prix d’Excellence Awards

Far East Organization’s efforts are evident in their numerous FIABCI awards. These accolades affirm their consistent excellence in diverse real estate segments.

• 2023 World Gold Winner in the Hotel Category for Sentosa Hotels Cluster.
  
  
• 2022 World Gold Winner in the Office Category for Woods Square.
  
  
• 2020 World Gold Winner in the Residential (High-Rise) Category for The Scotts Tower.

Such global recognitions recognize their cutting-edge tactics and quality development standards.

Additional Prestigious Accolades

Besides the FIABCI accolades, they’ve also amassed recognitions from other notable awards. These acknowledgments underline their forefront role in exceptional design, sustainability, and landscaping. They solidify the organization’s image as a beacon of quality and innovation in the real estate microcosm.

Official website: https://www.fareast.com/